IBM 'major announcement' points to deal on chip manufacturing

Revenue from IBM's Systems and Technology hardware segment for the second quarter, meanwhile, was $3.3 billion, down 11 percent from the second quarter in 2013. The East Fishkill plant operates under the Systems and Technology Group.

IBM said it would release its earnings press release at 7 a.m. ET Monday, and issue details about the business announcement separately. An earnings conference call is scheduled for 8 am ET